Cassandra B.C.
@michaeljburry
Transitory, no. Peak, no. To the moon? If you mean a cold
dark place.
“The CPI news this morning was so awful that it changed the
bond market’s view of Fed trajectory, and the weakest sector
broke. In bond jargon, MBS went “no-bid.” No buyers for MBS.”
https://www.cherrycreekmortgage.com/lous-credit-news
— Michael Burry Archive (@BurryArchive) June 11, 2022
h/t dr0id